Annual Report (PDF) - Feintool

44
Notes to the Financial Statements
8. Convertible bond
as of September 30 2000 1999
CHF CHF
1 7/8% convertible bond 2000–2005 62,582,500 0
62,582,500 0
The convertible bond was paid up on February 28, 2000 with maturity on February 28,
2005 at the latest. The issuer is entitled to call in the bond at any time after
3 years, but not before February 28, 2003. The conversion price was set at
CHF 760.– for each registered share with a par value of CHF 50.–. No conversions
had taken place as of September 30, 2000.
9 Major shareholders
Shareholders with a participation in capital or votes of more than 5% known
to the company:
Number of shares Participation Participation
(capital) (votes)
Fritz Boesch/Boesch & Co. 141,821 25.7% 25.7%
Management and employees 61,197 11.1% 11.1%
10 Income Statement
Financial income includes dividends from equity investments, interest income,
currency exchange gains and realized gains from the sale of treasury shares.
Investment income of the subsidiaries is entered concurrently. This is possible as
the balance sheet closing date of the subsidiaries is the same as that of the holding
company and because the General Meeting of Shareholders of the subsidiary
decides on profit distribution before the General Meeting of Shareholders of the
holding company.
Other income consists of income from management fees and royalty income from
subsidiaries.
Financial expenses encompass interest expenses and currency exchange losses.
Other expenses include taxes, depreciation on intangible assets, and contributions
of the holding company to Feintool Research & Development Ltd. and Feintool
International Management AG.